Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of agrochemicals, particularly herbicides and pesticides. Its reactive benzoyl chloride group facilitates the formation of amides and esters, making it valuable in creating active ingredients for crop protection. Additionally, it is employed in the pharmaceutical industry for synthesizing specialized compounds, including potential drug candidates. Its trifluoromethyl group enhances the biological activity and stability of the final products, making it a crucial building block in chemical manufacturing.